The World Bank had sanctioned Rs 1,852.74 crore to the Tamil Nadu government for carrying out various social projects in the state.
According to the revenue department, the bank has sanctioned Rs 1,551.40 crore for construction of houses for the Tsunami-hit.
The implementing agency for the project will be the Rural Development, Tamil Nadu Slum Clearance Board.
Among others, Rs 122.20 crore would be used for revitalising the livelihoods of Tsunami-affected families engaged in fishing, agriculture, horticulture and livestock, restoration of damaged fisheries infrastructure and re-establishment of safety-at-sea systems and services, a statement said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app